GCL vs NIVF: Correlation
Measured on weekly returns over the past three years, GCL Global Holdings Ltd (GCL) and NewGenIvf Group Limited - Class A (NIVF) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCL and NIVF?
On 3 years of weekly data the GCL/NIVF correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.45 versus -0.37 over 3 years. The 5-year figure is -0.37, and annualized covariance runs at -25464.5 %².
Among the 10 assets we track against GCL, NIVF sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months GCL outperformed by 18.9 percentage points (-81.0% for GCL against -99.9% for NIVF). One caveat on sizing: NIVF is 9.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GCL vs NIVF: side by side
| GCL (GCL Global Holdings Ltd) | NIVF (NewGenIvf Group Limited - Class A) | |
|---|---|---|
| 1-year return | -81.0% | -99.9% |
| 5-year return | -93.2% | -100.0% |
| Volatility (ann.) | 85.9% | 800.3% |
| Beta vs S&P 500 | 0.21 | 5.34 |
| Max drawdown (3Y) | -96.7% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCL | NIVF |
|---|---|---|
| 2023 | +6.1% | +6.9% |
| 2024 | +6.9% | -96.3% |
| 2025 | -90.7% | -99.3% |
| 2026 | -36.9% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCL and NIVF good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between GCL and NIVF?
As of 2026-08-27, the correlation of weekly returns between GCL and NIVF is -0.37 over 3 years, 0.45 over 1 year and -0.37 over 5 years.
Is NIVF a good diversifier for GCL?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 mean?
A reading of -0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GCL correlations · NIVF correlations
